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6221 W Lake Street, Saint Louis Park, MN 55416
$640,000
6221 W Lake Street

6221 W Lake Street

Discover this rare four-plex gem in the heart of St. Louis Park, just off W. Lake Street! This well-maintained property has been lovingly cared for by its long-time owner. The building features four spacious 1-bedroom units, three of which are currently leased at $875/month, with leases in place through September 2025 - the fourth unit is currently vacant, accommodating potential owner-occupancy. There is excellent potential for value-add improvements, including updating the kitchens and bathrooms, and increasing rents to reflect current market rates. Take advantage of low-down payment financing and the opportunity for long-term appreciation in this prime location! A standout feature of this property is the presence of four individual furnaces (as opposed to a shared boiler), allowing tenants to pay their own gas and heat bills. Don't miss out on this rare investment opportunity--schedule your showing today!
  • For Sale
  • 1948 BUILT
  • 3,920.4 Sq.Ft. LOT
  • 3,090 Sq.Ft.

Features & Amenities

Exterior

  • Stories: 2
  • Water Source: City Water/Connected
  • Heat Type:Forced Air
  • Sewer:City Sewer/Connected
  • Disability Features:None

Financial

  • SALES PRICE $640,000
  • REAL ESTATE TAXES $7,906/yr

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